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Re: None

Tuesday, 02/09/2016 9:14:44 PM

Tuesday, February 09, 2016 9:14:44 PM

Post# of 39962
When that unit or units are completed, the Company will be obligated to pay the contractor
for its cost of construction plus 15%, which amount is currently estimated to total approximately $520,000 to
$575,000. No liability for the amount due to contractor has been accrued as it is not due until the project is
finished.


Net loss $ (851,678) 9 MONTH ENDED SEPTEMBER 30, 2015

net loss of $4,284,452 accumulated through September 30, 2015.


NOTE 6 – DEBT
In addition the CEO of the Company loaned the Company approximately $357,044 for working capital
purposes in 2011. The CEO converted $357,044 of the debt to preferred stock in March 2013 and January
2014. For years 2013-2015 the Company accrued salary and expenses due to the CEO. These costs were
recorded as Due to related party during the year. Total expenses accrued during this time was $660,000. The
CEO converted $600,000 of the debt to common stock during the current quarter. The outstanding balance as
of September 30, 2015 is $369,405 and accrued salary of $35,000. The Company will continue to accrue
salary of $20,000 per month as per market


NOTE 11- NOTES RECEIVABLE
The Company current has notes receivable outstanding totaling $540,554 as of September 30, 2015. The first
note dated October 2014 was for an initial amount of $180,000 and is secured with land and building on a
golf course. Note is due July 2015. The note carries an interest rate of 8% and has a balance of $150,000 as of
the filing date.
The second note was for an initial amount of $1,150,000 and additional $50,000 loaned later for a total initial
advance of $1,200,000. As of September 30, 2015 $875,000 of the note has been paid. Current balance is
$275,000. Note is payable on demand with 10 days notice and carries an interest rate of national prime rate
plus 1%. In addition there are two other loans initiated in the first quarter of 2015 for $400,000 at the same
terms. Total notes receivable outstanding, as of September 30, 2015 is $540,554.

http://www.otcmarkets.com/financialReportViewer?symbol=STBV&id=146761



Anything said by me is strictly my opinion and is subject to change without notice. I am not a financial planner or advisor.